New grant funding for the local rural economy

The same Norfolk Local Action Groups that were set up to deliver LEADER business growth funding now also distribute the new LIFT funding for the benefit of small and medium sized SME rural businesses and the local, rural economy generally. LIFT stands for Local Investment in Future Talent and can offer 50% funding to projects that will enable people living in rural areas to find paid employment or to start their own businesses. LIFT can also contribute up to 50% of staff training costs for those currently employed in rural businesses.

The funding comes from the Europeans Social Fund and grants in the region of £5k -£50k are available for approved projects.

Applications can be from individual businesses but they are particularly keen to hear from business networks or groups of businesses working in partnership. Also training providers that could offer staff training to a number of business customers that is subsidised by LIFT.

Companies that have links with local community organisations could also usefully pass on the message that LIFT is offering grants for projects that will work intensively with people to prepare for and find work.